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As is well-known now, President Trump is conducting a search for the next Federal Reserve Chairman. Naturally this has economists all riled up simply because the Fed employs more of the credentialed than any other entity in the world.

While the Federal Reserve is most notable for its role in monetary policy, the autonomous Fed plays an active role in regulating banking institutions. When not beefing up its balance sheet through quantitative easing, the Fed is quietly seeking to expand its scope of operations, especially in the area of electronic payments networks. Despite a vibrant and competitive private market, the Fed initiated efforts to increase its presence in the electronic payments sector with the publication of the "Payment System Improvement-Public Consultation Paper" in September 2013.

Dear FreedomWorks member,
As one of our million-plus FreedomWorks members nationwide, I urge you to contact your representative and ask him or her to cosponsor H.R. 459, the Federal Reserve Transparency Act of 2011. Introduced by Rep. Ron Paul (R-TX), the bill would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.

[Click here to see a PDF version of this report.]1. The Federal Reserve Has Far Too Much Power to Control Our Economy Federal Reserve Chairman Ben Bernanke has the power to dramatically impact our economy at

The Dodd-Frank financial overhaul law—also known as the “Federal Reserve Empowerment Law"—recently marked its first anniversary. Last summer, we fought this unconstitutional power grab tooth and nail. The lead sponsors of the bill Rep. Frank (D-Mass.) and former Sen.

Over the past few years, we have seen a renewed interest in the role of the Federal Reserve. Rep. Ron Paul’s (R-Texas) presidential runs, along with the financial meltdown have directed much needed attention to the central bank. The American people are finally waking up to the giant elephant in the room—the Fed—which bears significant responsibility for many of the financial crises over the past century.

Since the Federal Reserve opened its doors in 1914, it has never been audited. It remains the most secret and least accountable operation of the federal government. Our dollar has lost 97 percent of its value since its creation. Rep. Ron Paul (R-TX) and Sen. Rand Paul (R-KY) have both introduced the Federal Reserve Transparency Act of 2011. The Federal Reserve Transparency Act would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.

Dear Senator, FreedomWorks is a leading grassroots organizing fighting for lower taxes, less government and more freedom. I am writing to urge you to oppose President Obama’s nomination of Peter Diamond to become a Member of the Federal Reserve Board of Governors. While Peter Diamond did win the Noble Prize in economics, as Paul Krugman did, this should not be the deciding factor when considering a nominee. I urge you to take a serious look at his troubling policy positions that he has taken throughout his career.